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Henny Ray Abrams/AP

  • The Fed can pause rate hikes as financial conditions have tightened, the head of fixed income at JPMorgan Asset Management said. 
  • "They've told us they're data-dependent. Look at the data. They've won. They don't need to pile on," Bob Michele told Bloomberg TV.
  • Inflation expectations have been falling, and banks have been making it harder to access credit. 

The Federal Reserve can take a break from hiking interest rates as it's done enough tightening of financial conditions to cool inflationary pressures, a division head at JPMorgan Asset Management said Wednesday before the Fed released its March decision. 

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Markets, MI Exclusive, Federal Reserve, Interest Rates, Monetary Policy, Yields, JPMorgan Asset Management, bob michele, Jerome Powell, SVB, Banks, economy, Equities
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The Fed 'can hit the pause button' on interest rates as it's done enough to fig…